Clauses of the Real Estate Securitization Act Article 19
A trustee may borrow money with the trust property pursuant to the REIT fund contract; however, the purposes of the borrowing shall be limited to that needed for the acquisition, development or operation of the real estate or related rights of real estate, or that for the distribution of profits, interests or other proceeds.A trustee has the discretion to hypothecate the mortgage or other security interests for the trust property within the scope of the borrowed money. The owner of security interests is only entitled to petition the court for compulsory execution against the trust property within the extent of hypothecation of real estate mortgage or other security interests.With regard to the money borrowed by a trustee pursuant to paragraph 1 hereof, the trustee shall make announcements on the local daily newspapers circulated at the place of its principal office or in other manners prescribed by the competent authority within two (2) days after the contract of borrowing enters into force.To ensure the financial health of REIT funds, the competent authority may prescribe an upper limit of the ratio for the money borrowed by the trustee pursuant to paragraph 1 hereof. When the money borrowed exceeds the upper limit, the trustee shall make adjustments within the time prescribed by the competent authority
中文原文 不動產證券化條例第19條
受託機構得依不動產投資信託契約之約定，以信託財產借入款項。
但借入款項之目的，以不動產或不動產相關權利之取得、開發、營運，或以配發利益、孳息或其他收益所必需者為限。
受託機構得於借入款項之範圍，就信託財產為不動產抵押權或其他擔保物權之設定；該擔保物權之權利人於不動產抵押權或其他擔保物權之設定範圍內，僅得對信託財產聲請法院裁定後強制執行。
受託機構依第一項規定借入款項，應於借款契約生效日起二日內，於受託機構本機構所在地之日報或依主管機關規定之方式辦理公告。
為確保不動產投資信託基金之財務健全，主管機關得訂定受託機構依第一項規定借入款項之比率上限。
受託機構超過該比率上限者，應於主管機關所定期限內調整之。
但借入款項之目的，以不動產或不動產相關權利之取得、開發、營運，或以配發利益、孳息或其他收益所必需者為限。
受託機構得於借入款項之範圍，就信託財產為不動產抵押權或其他擔保物權之設定；該擔保物權之權利人於不動產抵押權或其他擔保物權之設定範圍內，僅得對信託財產聲請法院裁定後強制執行。
受託機構依第一項規定借入款項，應於借款契約生效日起二日內，於受託機構本機構所在地之日報或依主管機關規定之方式辦理公告。
為確保不動產投資信託基金之財務健全，主管機關得訂定受託機構依第一項規定借入款項之比率上限。
受託機構超過該比率上限者，應於主管機關所定期限內調整之。